Macedonias utility ELEM signs contract for EUR 55mn wind farm project.

By bne IntelliNews February 1, 2012
Macedonia's state-owned power generation company ELEM said it has signed a contract with a consortium of Greece's Terna and Siemens for the development of Lot 2 of wind farm Bogdanci. Lot 2 involves building an access road, installing a transformer station, as well as a power transmission line that will connect the wind farm with the country's transmission grid. The activities under the contract will be carried out within a 13-month period. Lot 1 involves the supply and installation of wind turbines. The wind farm Bogdanci will cover an area of 29 ha and will have an installed capacity of 37 MW in the first phase of the project, to rise to 50 MW during the second phase. The total cost of the project is EUR 55mn. The funding includes a EUR 32.9mn loan from German bank KfW, while the remainder will be provided from own funds of ELEM.
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